Short Interest in Socket Mobile, Inc. (NASDAQ:SCKT) Grows By 46.0%

Socket Mobile, Inc. (NASDAQ:SCKT) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totalling 7,300 shares, a growth of 46.0% from the June 15th total of 5,000 shares. Based on an average daily volume of 15,800 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

Socket Mobile Stock Performance

SCKT stock traded down $0.02 during midday trading on Monday, reaching $1.09. 2,423 shares of the company were exchanged, compared to its average volume of 17,048. The stock’s 50-day simple moving average is $1.22 and its 200 day simple moving average is $1.13. Socket Mobile has a 1-year low of $0.90 and a 1-year high of $1.59. The company has a market cap of $8.23 million, a price-to-earnings ratio of -5.28 and a beta of 0.85.

Socket Mobile (NASDAQ:SCKT) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter. The company had revenue of $4.98 million for the quarter. Socket Mobile had a negative return on equity of 7.77% and a negative net margin of 8.38%.

About Socket Mobile

Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. Its products and solutions are integrated into mobile applications for applications in the areas of point of sale, commercial services, asset tracking, manufacturing and quality control processes, transportation and logistics, event management, medical, and education.